SAI ANNOUNCE GLOBAL PARTNERSHIP WITH CFORIA™ SOFTWARE

July, 2007: California, USA. SAI New Technologies, whose Cashbook software platform has been powering the finance departments of Fortune 2000 companies since 1992, are delighted to announce the formation of a new strategic partnership with Cforia Software. Headquartered in California, Cforia are the leading provider of credit, collections and deductions software designed specifically for manufacturers and distributors. The partnership brings together two suites of software applications that are fully complimentary, thereby further enhancing the value and ROI that both companies deliver to their customers.

Commenting on the partnership Lenny Crotty, Manager of US West Coast Operations said, “This partnership has come together very quickly. Both companies recognized immediately the close synergies that exist between our organizations. Cforia’s products perfectly compliment our own long established automated AR cash collection and application solutions. SAI focus on providing our customers with solutions that deliver rapid ROI. Cforia’s application suite will certainly do that. We are excited about the possibilities for growth that this partnership presents to both our companies”

Cforia will act as a global referral partner of new business for Cashbook solutions, working closely with SAI to increase its customer base in North America and Europe. SAI is the exclusive global reseller of Cforia solutions, with a strong emphasis on the EMEA market.

SAI’s products and organization perfectly complement Cforia’s application suite,” said Chris Caparon, Vice President of Sales at Cforia. “Their automated cash application solution, Cashbook, combined with our offering, MC2, deliver an end to end accounts receivable optimization offering. Their European sales and support team will immediately begin marketing Cforia’s applications there. We couldn’t be more thrilled.”

About SAI:

SAI New Technologies have been providing best of breed financial software solutions with its Cashbook software platform to Fortune 2000 companies since 1992. SAI specialize in niche, add on functionality that enhance and automate key cash management and electronic banking functions. Cashbook solutions are deployed in over 300 customer sites in 20 countries.

www.cashbook.com

About Cforia:

Cforia Software, Inc. (Cash Flow Optimized, Real-time Information Access) develops solutions that enhance cash flow management. Cforia’s software products extend the functionality of accounting systems like SAP, Oracle, PeopleSoft and JD Edwards. Cforia’s customers are found in North America and Europe.

www.cforia.com